An unknown buyer acquired Super 8(R) hotel from Holloway Lodging Corporation (TSX:HLC) for CAD 5.3 million on March 29, 2019. Holloway received approximately CAD 2.4 million of proceeds after closing costs, the repayment of a CAD 2.2 million mortgage secured by the property and the provision of a CAD 0.5 million second mortgage secured by the property. Holloway expects to use the net sale proceeds to reduce amounts drawn under its revolving credit facility. An Unknown buyer completed the acquisition of Super 8(R) hotel from Holloway Lodging Corporation (TSX:HLC) on March 29, 2019.